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First-Year Pay Up 250 Percent in 20 Years at Big Firms
Most people can recall a time or two when an elder bemoaned how hard it was in the old days. I walked to school through 10 feet of snow . uphill . with no shoes!Four Arrested in Metals Trading Scam; Banks Lose $600 Million
Four men were arrested Tuesday in connection with a massive international bank fraud scheme that cost several banks, including FleetBoston, at least $600 million. The fraud was allegedly perpetrated out of a small office in Piscataway, N.J., where three principals and the former treasurer of a group of metal trading companies orchestrated their plan to persuade banks to issue large loans based on phantom trades.IP Boutiques Play Defense as Competition Heats Up
Intellectual property law firms once had the pick of the litter in terms of cases and clients. But general practice firms have aggressively encroached on their territory. With deep benches of trial lawyers, the large firms have sought -- and, more often than not, received -- increasingly profitable patent litigation work. The result: IP boutiques are playing defense, trying to either find their marketplace niche or grow their firms to compete with the behemoths.No more gran torinos for states losing $3.5 billion in revenues for Hollywood movie making
Incentives for Hollywood have been scaled back in Wisconsin, capped in Rhode Island, suspended in New Jersey, Iowa and Kansas and scheduled to expire in Arizona. While states continue to expand and introduce subsidies, programs around the country face allegations of corruption, doubts about job-creating power and, most of all, questions about affordability.Creative oathing: Some suggestions for Wall Street
A few weeks ago, Bloomberg News reported that, in just the past year, hundreds of students at the Harvard Business School have taken something called the M.B.A. Oath. Endorsed by Harvard's dean and replicated by other business schools, the oath comes in two sizes: an important-sounding long version and a punchy executive summary, consisting of seven crisp bullet points.Trending Stories
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